Singapore's Jubilee Capital in $30m first close on tech fund

LPs include accredited Chinese and Singaporean investors, according to a statement. The vehicle will focus on post-seed and Series A investments in start-ups across Southeast Asia, China, Israel and the US.

The Jubilee Tech Fund (JTF) will leverage the firm's experience in M&A and entrepreneurship to encourage cross-border company development. This activity is expected to focus largely on Chinese and Israeli start-ups.

"We see more and more Chinese investors going to Israel to scout for new technology to invest, or procure for the China market," said Fong Jek Gan, co-founder and managing partner at Jubilee. "We also see more Israeli entrepreneurs more willing to switch their market interest from America to Asia, including China and ASEAN. Being headquartered in Singapore, we see an opportunity for Jubilee Capital to position ourselves as a bridge between outbound Israeli technology start-ups who are interested to enter Asian markets."

Jubilee was founded last year with the aim of internationalizing US and Chinese companies in areas such as e-commerce, payments, marketplaces and mobile apps. The firm maintains bases in Beijing and Auckland as well as a network of partners across Asia Pacific, Europe and the US. It is currently working to establish partnerships in Israel.

JTF has previously invested in Chinese peer-to-peer car rental provider PPzuche.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Venture
• Fundraising
• GPs
• Technology
• Singapore
• China
• USA
• Technology
• TMT